Ensco Files 8K - Entry Into Definitive Agreement
December 16 2016 - 5:01PM
Dow Jones News
ENSCO PLC (ESV) filed a Form 8K - Entry Into a Definitive
Agreement - with the U.S Securities and Exchange Commission on
December 15, 2016.
On December 15, 2016, Ensco plc (the "Company") and Pride
International, Inc., a wholly owned subsidiary of the Company,
entered into the Fourth Amendment (the "Amendment") to its Fourth
Amended and Restated Credit Agreement, dated as of May 7, 2013 (as
amended, the "Revolving Credit Facility"). The Amendment will,
among other things, (i) permit the incurrence of indebtedness in
connection with the issuance of $849,500,000 aggregate principal
amount of 3.00% Exchangeable Senior Notes due 2024 issued by Ensco
Jersey Finance Limited, a wholly owned subsidiary of the Company
("Ensco Jersey"), which notes are guaranteed by the Company,
without the utilization of certain debt covenant basket capacity
under the Revolving Credit Facility and (ii) provide that the
obligations under the Revolving Credit Facility will be fully and
unconditionally guaranteed by Ensco Jersey. All other terms of the
Revolving Credit Facility remain unchanged.
The full text of this SEC filing can be retrieved at:
http://www.sec.gov/Archives/edgar/data/314808/000031480816000436/form8k_item101203and901cre.htm
Any exhibits and associated documents for this SEC filing can be
retrieved at:
http://www.sec.gov/Archives/edgar/data/314808/000031480816000436/0000314808-16-000436-index.htm
Public companies must file a Form 8-K, or current report, with
the SEC generally within four days of any event that could
materially affect a company's financial position or the value of
its shares.
(END) Dow Jones Newswires
December 16, 2016 16:46 ET (21:46 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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